The Carbon Credit market is currently valued at more than €175 billion, and experts project this to grow to €3 trillion by 2020.*
As environmental protection laws continue to evolve, so do credit markets. New exchanges emerge in various facets of sustainability, with credits being traded as currency — carbon credits, water quality credits, fishing quotas and net energy credits, to name a few. This spurs the creation of viable markets that protect both people’s livelihoods and the environment.
Now let’s hear from you. Have an example? A story? A comment?
* PS Advisors, http://pscarboncredits.com/investment-opportunity/.
To deal with competition, fishermen in Alaska’s Bristol Bay use fish as a currency in the form of individual, transferable quotas. The Alaska Department of Fish and Game maintains the system and each licensed crew receives a quota for tons of fish and can sell it to other fishermen, allowing some to hedge against bad luck while letting others buy enough quota permits to exploit a big haul.
Source: “The Solution Revolution: How Business, Government, and Social Enterprises are Teaming Up to Solve Society’s Toughest Problems,” Harvard Business Review Press, http://www.solutionrevolutionbook.com/.